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Breaking News:

Thanksgiving Gas Prices At 3-Year High

Oil Prices Nosedive On Bearish IEA Report

Oil Prices Nosedive On Bearish IEA Report

Oil prices are cratering after…

The IEA Is Grossly Overestimating Shale Growth

The IEA Is Grossly Overestimating Shale Growth

The IEA’s forecast that U.S.…

Energy / Oil Prices

Can Oil Prices Go Above $60?

Can Oil Prices Go Above $60?

Oct 25, 2017 at 14:08 | Nick Cunningham

Oil prices flirted with $60 per barrel a few weeks ago, but stopped short of that key psychological threshold and quickly retreated. What will it take to break above $60?…

This Oil Rally May Be Short-Lived

This Oil Rally May Be Short-Lived

Oct 24, 2017 at 17:04 | Irina Slav

It’s been another week of upbeat OPEC reports—from secretary general Mohammed Barkindo’s belief that global oil demand will jump to over 100 million bpd by 2020 to the proud…

Falling Iraqi Exports Drive Oil Prices Higher

Falling Iraqi Exports Drive Oil Prices Higher

Oct 24, 2017 at 09:16 | Irina Slav

Crude oil prices continued their ascent today as lower exports from Iraq amid the internal conflict with the Kurds gave oil bulls a cause for optimism. Brent crude was…

Major Oil Traders See Upside For Oil Prices

Major Oil Traders See Upside For Oil Prices

Oct 20, 2017 at 16:46 | Gregory Brew

Division among the world’s biggest oil traders indicates the strong degree of uncertainty in the market. According to Bloomberg, questions over demand growth, relative production from the U.S. and…

UK Oil And Gas Costs To Rise 100% If Brexit Fails

UK Oil And Gas Costs To Rise 100% If Brexit Fails

Oct 18, 2017 at 15:09 | Irina Slav

The UK’s embattled oil industry might have to tackle a twofold increase in trade costs if its separation from the European Union takes place under a no-deal scenario, an industry…

The World's Top Crude Trader Sees Brent Crashing To $45

The World's Top Crude Trader Sees Brent Crashing To $45

Oct 18, 2017 at 13:39 | Julianne Geiger

The world’s largest oil trader sees the price of the Brent barrel falling almost $14 to $45 in 2018, from its current price of $58.01, according to Ian Taylor, CEO…

OPEC Favors 9-Month Extension Of Production Cut Agreement

OPEC Favors 9-Month Extension Of Production Cut Agreement

Oct 18, 2017 at 10:51 | Julianne Geiger

OPEC favors a nine-month extension to the OPEC/NOPEC production cut deal, according to four anonymous Reuters sources, which would push out the agreement until December 2018. The possibility of…

Mexico Locks In $46 Per Barrel In 2018 Oil Hedge

Mexico Locks In $46 Per Barrel In 2018 Oil Hedge

Oct 17, 2017 at 09:41 | Irina Slav

Mexico has locked in an average export price of US$46 per barrel of crude oil for 2018 in its annual oil hedge, which is closely watched as the biggest…

Clashes In Kurdistan Send Oil Prices Higher

Clashes In Kurdistan Send Oil Prices Higher

Oct 16, 2017 at 09:26 | Irina Slav

Reports of clashes between Iraqi troops and Kurdish armed forces near Kirkuk yesterday sent WTI and Brent higher in Asian trade today. The latest reports coming in say…

Mass EV Adoption Could Lead To $10 Oil

Mass EV Adoption Could Lead To $10 Oil

Oct 13, 2017 at 10:59 | Tsvetana Paraskova

The adoption of electric vehicles (EVs) could lead to global peak oil demand as soon as 2023, which will result in oil prices crashing to $10, Chris Watling, CEO &…

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